Quarterly production of 45,776 oz AuEq¹
Closing cash and bullion $362 million ($130 million increase from December)
Quarterly gold production of 45,776 AuEq¹ oz, comprised of:
Key points
- Cash, bullion and listed investment balance of $374 million.
- Increase of $128 million from the previous quarter.
- Alkane has cash & bullion of $362 million, and pro forma liquidity of $472 million when including an undrawn $110 million revolving credit facility (subject to satisfaction of conditions precedent, expected June 2026).
- The company is debt free except for equipment finance of $20 million at 31 March 2026.
- Sales of 42,550 ounces of gold and 280 tonnes of antimony.
- FY2026 Group Guidance of 160,000 to 175,000 AuEq¹ oz production at an AISC of A$2,600 – $2,900 per AuEq oz remains unchanged.³
- Operations have not been interrupted by diesel supply. Alkane has contracts in place with diesel suppliers for regular fuel deliveries, our suppliers have not indicated any disruptions. Diesel represents a small portion of total costs, as we have three underground mines and power is provided from grid suppliers in Australia and Sweden.
Alkane has produced 45,776 ounces of gold equivalent¹ over the period from 1 January 2026 to 31 March 2026. Cash ($328m), bullion ($34m) and listed investments ($12m) totaled A$374 million at the end of the quarter. During the quarter, hedging of 8,700 ounces of gold was filled and tax instalments of $15 million were made. Further details will be available in the full March 2026 Quarterly Report later this month.
Alkane Managing Director & CEO, Nic Earner, said: “Alkane has had an excellent quarter’s production from our three operating mines, which together produced 44,669 ounces of gold and 377 tonnes of antimony (45,776 ounces of gold equivalent) over the quarter. We have a very strong balance sheet with A$374 million in cash, bullion and listed investments at quarter end and total liquidity of $472 million including undrawn revolving credit facility.”
- Gold equivalent ounces calculated by multiplying quantities of gold and antimony in period by respective average market price of commodities in period, adding the two amounts to get “total contained value based on market price,” and dividing total contained value by average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x 70% payability x Sb $/t)) / (Au $/oz). Average market prices for gold and antimony sourced respectively from LBMA daily PM price (www.lbma.org.uk) and Shanghai Metal Market Price (www.metal.com). Average market prices for March quarter were A$7,015/oz Au and A$29,449/t Sb, average market prices for December quarter were A$6,299/oz Au and A$30,245/t Sb and for September quarter A$5,283/oz Au and A$33,508/t Sb using an AUD: USD exchange rate of 0.6946, 0.6565 and 0.6544 respectively.
- Group YTD Production calculated on basis of 100% contribution from Tomingley, Costerfield and Björkdal for relevant period. As the merger with Mandalay Resources completed on 5 August 2025, Alkane’s FY2026 statutory reported production will reflect production from Costerfield and Björkdal only from that date. See ALK announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’.
- See ALK Announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’ for calculation of Au Eq ounces and definition of Group Guidance. Production guidance on a statutory reported basis (‘Attributable Guidance’) is 155,000 – 168,000 AuEq ounces for FY2026. Note AISC is a non-IFRS measure and does not have a standardised meaning under IFRS and might not be comparable to similar financial measures disclosed by other companies. Refer to “Non-IFRS Performance Measures” at the end of this announcement.